It is not necessary to set fire to the suitcase, when the suitcase is full of money: whether I keep it with political and fiscal uncertainty – they increase taxes or not, politicians even risk sending the economy and business in crisis

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By TP

All the entrepreneurs, all the directors, all the companies, that they are Romanian, multinational or that they are state, they want to end with the political elections – the presidential elections and with the unclear situation in terms of taxes and taxes – if they grow, what grows and how much. Since the middle of last year, the companies have raised their foot from the acceleration because they followed months of election, elections and a new government. Unfortunately we woke up with this problem of presidential elections, their postponement for this year. The Ciolacu 1 government threw money to the right and left, but the Prime Minister and leader Marcel Ciolacu did not use anything because he did not reach Cotroceni, and the PSD obtained the weakest political score in history. Only the parliamentary fragmentation led those from PSD and PNL, together with UDMR, again to government. Sarabanda of elections plus the continuous threat of taxes and taxes due to the budget deficit ate at least 2% of the economic growth, 1% last year and 1% this year. Since the middle of last year, companies have left it softer with investments, with new employment, due to political and fiscal uncertainty. Everyone has convinced that those in power, and the Ciolacu 1 Government, and the Ciolacu 2 government, will not actually make any restructuring of the budgetary expenses, will not make any reduction of budgetary expenses and inevitably will be reached the solution of taxes and taxes, as happened during Basescu's time. The political uncertainty will continue to pay, because the result of the presidential elections is in the fog. If George Simion or Victor Ponta will come to Cotroceni, they will force a new political alliance and a new government, if they can do so. If Cotroceni comes Crin Antonescu or Nicuşor Dan, the current PSD/PNL/UDMR and Ciolacu 2 Government has a chance to continue. The economy has slowed its growth, and the three-month budget execution of the Ciolacu 2 Government does not look so bright in achieving the objective of reducing the budget deficit from over 9% last year (ESA) to 7%. But the budget situation is not disastrous, especially since the Ministry of Finance has managed to cover over 30% of the budget financing requirement for this year. Romania pays for higher interest, but the financial markets are not closed to obtain these loans. Ilie Bolojan, the interim president and the one who, after the arrival of the new president in Cotroceni, should resume his position as leader of the PNL and be at the forefront of the public administration restructuring program, he also finds that all politicians, that if the Government does not reform, if it does not reduce the expenses, the taxes will increase. But he, along with the Ciolacu 2 government, is in power and they have to make this reform, because no one else can. They are at the table of power not yesterday, but for years, they have to eat less, they have to lose weight, not the economy, not the business. Due to this political and fiscal uncertainty, the economy and business are likely to enter the recession, especially given that the world geopolitical situation, with the continuation of the Ukraine war, the commercial war triggered by Trump, does not bring anything good, but on the contrary, induces an unprecedented tension in the global economy. Victor Ponta, the only candidate for Cotroceni from those who have chances that know economy, has entered a territory that leads nowhere, not even in votes, claiming that the economy is now in a worse situation than in 2009. The economy of Romania is not only in a worse situation, but it is in a much better position. It is true that we have this problem with the budget deficit that cannot be reduced by itself, but the real economy goes quite well, even if the growth rate has reduced. Unlike the crisis of 2008/2009, when suddenly, Romania did not have access to the financial markets and had to borrow to the IMF, now the situation is incomparably better. The Romanian economy is no longer exposed on the currency, the financing is ensured in a proportion of 70% in lei, compared to 70% in foreign currency, as it was in 2008/2009, the deposits are higher than the credits, the banks are not buried in non -performing loans, the real estate market has more exposure to lei than per euro and is not over 50%, and it is not over 50%) Companies do not reduce salaries and do not give people out as in 2009, and financial markets are not closed. Brussels has another approach to budgetary financing and budget deficit, local entrepreneurial companies are much richer, stay on cash, and Romanians have a much better financial position. Unlike 15 years ago, the financial market is liquid, and not only at the level of the banking system, but everywhere, starting from the investment funds that have hundreds and even billions of euros to invest and do not find much targets, to the European funds that are just waiting to be drawn, and the Ciolacu Government 2, that it is in power, as well as the Government, as well as the Government. It is not necessary to set our own fire in the suitcase, given that the suitcase is full of money. On April 25, I scored, in anonymity, 20 years since the conclusion of the accession negotiations to the European Union, the most important contemporary political project with us. Then, the economy of Romania had a GDP of 60 billion euros, and now it has reached 350 billion euros and has high chances of turning to 400 billion euros. Only let's not shoot ourselves. If 20 years ago the political class, the parties, the politicians, the government were at the forefront of Romania by drawing the economy and business after them, now, the current politicians, who settled at the table placed by others, are following the economy and society and still keeping us bury.
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